Mark Morelli on fleets
From Milken Global Conference 2025 – Mark Morelli · · Ian Khan "The Futurist"
“Less than 1% of all fleets have decarbonized in some form today, and when you think about this, folks want to leverage a multifuel future. Fleet operators will move to compressed natural gas, renewable natural gas, biofuels, hydrogen in some applications, and electrification for lighter vehicles.”
On , Mark Morelli, President, Chief Executive Officer & Director at VONTIER CORP, spoke about fleets during Milken Global Conference 2025 – Mark Morelli on Ian Khan "The Futurist".
About Mark Morelli
Mark Morelli, President and CEO of Vontier, has been discussing the company's role in the evolving mobility ecosystem, emphasizing its presence in fueling, electric vehicle charging, car wash, and repair infrastructure. At the Milken Global Conference in October 2025, he described Vontier as a world leader in providing critical infrastructure for cars and trucks, and highlighted advancements in simplifying payment transactions and enabling loyalty programs at convenience stores. He also discussed the emergence of "mobility hubs" and a "multifuel future" for fleets, noting that less than 1% of fleets have decarbonized and that operators will need to manage compressed natural gas, hydrogen, biofuels, and electrification through a single platform. During Vontier's Q2 2025 earnings call in July 2025, Morelli stated that the company delivered results exceeding guidance, with core sales and adjusted operating profit ahead of expectations. He noted that 80% of Vontier's portfolio—environmental, fueling, and mobility technology—was performing well, while the repair business faced headwinds from declines in higher-priced items. Morelli also reiterated the company's commitment to capital allocation, including share repurchases and bolt-on acquisitions. In earlier interviews, he described Vontier's products as touching consumers daily and positioned the company as a leader in the energy transition, managing over 35,000 electric vehicle charging ports and holding a leading U.S. position in compressed natural gas infrastructure.